Russia Exports of Newsprint Paper CMLV 1994-2017 | Data | Chart

Exports of Newsprint Paper CMLV in Russia decreased to 42.20 USD Million in January from 427.92 USD Million in December of 2016. Exports of Newsprint Paper CMLV in Russia averaged 286.51 USD Million from 1994 until 2017, reaching an all time high of 801.40 USD Million in December of 2008 and a record low of 8.60 USD Million in January of 1994.

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Russia Exports of Newsprint Paper CMLV

Russia accounts for Exports of Newsprint Paper using cumulative values for each year (CMLV). This page includes a chart with historical data for Russia Exports of Newsprint Paper CMLV. Russia Exports of Newsprint Paper CMLV - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Russian unemployment rate fell to 4.9 percent in August 2017 from 5.2 percent in the same month of the previous year and below market expectations of 5.1 percent. It was the lowest jobless rate since August 2014.

The Bank of Russia lowered its benchmark one-week repo rate by 50bps to 8.5 percent on September 15th, as widely expected, due to a quicker-than-expected slowdown in inflation. Policymakers also said that there is still room for further rate cuts over the next two quarters.

Russia's gross domestic product advanced 2.5 percent year-on-year in the second quarter of 2017, unrevised from the preliminary estimate and following a 0.5 percent growth in the previous period, final figures showed. It was the strongest pace of expansion since the third quarter of 2012, as output grew firmly for wholesale and retail trade, mining, manufacturing and construction.

Russia's trade surplus narrowed by 36.3 percent to USD 3.97 billion in July 2017 from USD 6.24 billion in the same month a year earlier and way below market expectations of a USD 7.2 billion surplus. It was the smallest trade surplus since April 2003.

Consumer prices in Russia increased 3.3 percent year-on-year in August of 2017, below a 3.9 percent rise in July and lower than market expectations of 3.7 percent. It is the smallest inflation rate since at least 1991, mainly due to a slowdown in cost of food and transport. The inflation stayed below the central bank's 4 percent target for the second month.

Russian unemployment rate came in at 5.1 percent in July 2017, unchanged from the previous month's two-and-a-half-year low and down from 5.3 percent in the same period a year ago. The number of unemployed people decreased by 220 thousand from the previous year to 3.905 million.

Russia's trade surplus increased by 8.1 percent to USD 8.69 billion in June 2017 from USD 8.04 billion in the same month a year earlier and above market expectations of a USD 7.5 billion surplus. Exports rose 22.8 percent to USD 29.52 billion and imports went up 30.2 percent to USD 20.83 billion.

Russia's consumer prices increased by 3.9 percent year-on-year in July 2017, easing from a 4.4 percent rise in the previous month and missing market expectations of 4.3 percent. The inflation rate fell below the central bank's 4 percent target for the first time since the bank switched to inflation targeting policy in late 2014, to hit the lowest level since May 2012. Prices increased at a slower pace for food and non-food products.

The Central Bank of Russia held its benchmark one-week repo rate at 9 percent on July 28th, as widely expected, saying that short-term and mid-term inflation risks persist and that the decline of inflation expectations has come to a halt. The central bank also reiterated it will continue to conduct a moderately tight monetary policy to maintain inflation close to the 4 percent target and that there is still room for further rate cuts in the second half of 2017.

The unemployment rate in Russia declined to 5.1 percent in June 2017 from 5.4 percent in the same month a year ago and below market expectations of 5.2 percent. It was the lowest jobless rate since October 2014, as the number of unemployed people decreased by 331 thousand to 3.846 million.

Russian trade surplus increased by 12.2 percent to $8.5 billion in May 2017 from $7.6 billion in the same month a year earlier and slightly above market expectations of a $8.3 billion surplus. Exports rose 27.8 percent to $28.1 billion and imports went up 35.9 percent to $19.6 billion.

Consumer prices in Russia increased by 4.4 percent year-on-year in June 2017, following 4.1 percent in the previous month and above market expectations of 4.3 percent. It was the highest inflation rate since February, as prices increased at a faster pace for food. On a monthly basis, prices went up 0.6 percent after advancing by 0.4 percent in May.

The unemployment rate in Russia declined to 5.2 percent in May of 2017 from 5.6 percent in the same month a year ago and below market expectations of 5.3 percent. It was the lowest jobless rate since September last year. The number of unemployed people decreased by 358 thousand to 3.945 million while the number of economically active people fell by 500 thousand to 76 million, representing 52 percent of total population.

The Russian economy advanced 0.5 percent year-on-year in the first three months of 2017, in line with preliminary estimates and following a 0.3 percent expansion in the previous quarter. A rebound in mining, manufacturing and trade and a jump in transportation boosted growth, final figures showed. The economy returned to growth after a two-year recession that was mainly caused by low oil prices and sanctions imposed on Russian individuals and businesses in response to the annexation of Crimea.

The Central Bank of Russia has lowered its benchmark one-week repo rate by 25 bps to 9 percent on June 16th, while markets expected a 50 bps rate cut, saying it will continue to conduct a moderately tight monetary policy to maintain inflation close to the 4 percent target. Also, policymakers signaled the possibility of further rate cuts in the second half of 2017, as inflation expectations continue to decline amid a recovery in economic activity.

Russian trade surplus increased by 21.1 percent to $8 billion in April 2017 from $6.6 billion in the same month a year earlier and below market expectations of a $8.5 billion surplus. Exports rose 20 percent to $26.1 billion and imports went up 19.6 percent to $18.1 billion.

Consumer prices in Russia increased by 4.1 percent year-on-year in May 2017, at the same pace as in the previous month and in line with market expectations. Prices increased at a faster pace for food while slowed for housing and utilities, clothing and footwear and transport. On a monthly basis, prices went up 0.4 percent after advancing by 0.3 percent in April.

The unemployment rate in Russia declined to 5.3 percent in April of 2017 from 5.9 percent in the same month a year ago and well below market expectations of 5.5 percent. It was the lowest jobless rate since December last year. The number of unemployed people decreased by 470 thousand to 4.050 million while the number of economically active people fell by 400 thousand to 75.9 million, representing 52 percent of total population.

The Russian GDP advanced 0.5 percent year-on-year in the first quarter of 2017, following 0.3 percent growth in the previous period and above market expectations of 0.4 percent, according to preliminary estimates. The economy returned to growth after a two-year recession that was mainly caused by low oil prices and sanctions imposed on Russian individuals and businesses in response to the annexation of Crimea.

The Russian GDP advanced 0.5 percent year-on-year in the first quarter of 2017, following 0.3 percent growth in the previous period and above market expectations of 0.4 percent, according to preliminary estimates. The economy is now recovering after two years recession, brought on by falling oil prices, western sanctions and a weak currency. The economy is expected to grow between one and two percent in 2017-2019, while further GDP growth calls for efficient structural government reforms. The main county’s challenges are continued heavy dependence on oil revenues, the weakness of public administration, lag in technological innovation, financial isolation and geopolitical tensions.

The Russian GDP advanced 0.5 percent year-on-year in the first quarter of 2017, following 0.3 percent growth in the previous period and above market expectations of 0.4 percent, according to preliminary estimates. The economy is now recovering after two years recession, brought on by falling oil prices, western sanctions and a weak currency.

Russian trade surplus increased by 61.7 percent to $12.6 billion in March 2017 from $7.8 billion in the same month a year earlier and above market expectations of a $11.9 billion surplus. It was the largest trade surplus since June of 2015, as exports jumped 35.2 percent to $31.3 billion and imports went up 21.8 percent to $18.7 billion.

Consumer prices in Russia increased by 4.1 percent year-on-year in April 2017, easing from a 4.3 percent rise in the previous month and below market expectations of 4.2 percent. It was the lowest inflation rate since May 2012, as prices increased at a slower pace for housing and utilities, clothing and footwear and transport. On a monthly basis, prices went up 0.3 percent after advancing by 0.1 percent in March.

The Central Bank of Russia has lowered its benchmark one-week repo rate by 50 bps to 9.25 percent on April 28th, while markets expected 25 bps rate cut. Policymakers signaled the possibility of further cuts in the second and third quarters this year, as inflation continued to decline and is projected to reach 4 percent target before the end of 2017.

The unemployment rate in Russia declined to 5.4 percent in March of 2017 from 5.6 percent in the previous month and below market expectations of 5.6 percent. A year ago, the jobless rate was 6 percent.

Russia Trade Surplus Widens 40% YoY In February
Russian trade surplus increased by 40.3 percent to $10.17 billion in February 2017 from $7.2 billion in the same month a year earlier, while slightly below market expectations of a $10.5 billion surplus.

Consumer prices in Russia increased by 4.3 percent year-on-year in March 2017, easing from a 4.6 percent rise in the previous month and in line with market expectations. It was the lowest inflation rate since June 2012. On a monthly basis, prices edged up 0.1 percent after advancing by 0.2 percent in February.

The Russian economy advanced 0.3 percent in the fourth quarter of 2016, following 0.4 percent contraction in the previous period. It was the first expansion since the fourth quarter of 2014. Net external demand contributed positively, as exports rose by 3.7 percent (4.2 percent in Q3) and imports edged up 0.3 percent (-3.5 percent in Q3). Also, household spending (-3.2 percent from -4.8 percent in Q3) and investments (-0.3 percent from -0.8 percent) contracted at a slower pace. Meanwhile, government consumption fell 0.5 percent, at the same pace as in the previous period. In 2016, the GDP shrank 0.2 percent.

The Central Bank of Russia has lowered its benchmark one-week repo rate by 25 bps to 9.75 percent on March 24th, while markets expected no change in rates. Policymakers signaled the possibility of further cuts in the second and third quarter of 2017, as inflation slowdown overshoots the forecast, inflation expectations continue to decline and economic activity recovers.

The unemployment rate in Russia remained unchanged at 5.6 percent in February of 2017 from the previous month and in line with market expectations. The jobless rate stayed at the highest since May 2016.

Russian trade surplus increased by 59 percent to $11.45 billion in January 2017 from $7.2 billion in the same month a year earlier, while below market expectations of a $13.2 billion surplus. Exports jumped 47.2 percent to $25.1 billion and imports went up 38.9 percent to $13.7 billion.

Consumer prices in Russia increased by 4.6 percent year-on-year in February 2017, easing from a 5 percent rise in the previous month and below market expectations of a 4.7 percent gain. It was the lowest inflation rate since June 2012. On a monthly basis, prices went up 0.2 percent after advancing by 0.6 percent in January.

The unemployment rate in Russia increased to 5.6 percent in January of 2017 from 5.3 percent in December and well above market expectations of 5.6 percent. It was the highest jobless rate since May 2016.

Russian trade surplus increased by 4.7 percent to $11.83 billion in December 2016 from $11.3 billion in the same month a year earlier, well above market expectations of a $9.85 billion surplus. Exports rose 8.3 percent, the second consecutive monthly increase since July 2014; and imports went up 10.6 percent, the fifth month in a row of growth. Considering the full 2016, the trade surplus shrank 39.1 percent to $90.4 billion from $148.5 billion in 2015, as exports fell 17.5 percent and imports declined at a much slower 0.8 percent.

Consumer prices in Russia increased 5 percent year-on-year in January of 2017, following 5.4 percent rise in the previous month and below market expectations of 5.1 percent. It was the lowest inflation rate since June 2012, as prices increased at a slower pace for food; clothing and footwear; furnishings and household equipment and recreation and cultural activities. On a monthly basis, prices went up 0.6 percent, compared to 0.4 percent rise in December.

The Central Bank of Russia kept its benchmark one-week repo rate unchanged at 10 percent on February 3rd, as widely expected, and signaled the possibility of further cuts in the first half of 2017 has diminished, given the internal and external developments. Policymakers said that inflation performance has been in line with the forecast, inflation expectations were going down gradually, and the economy was recovering faster than previously expected.

Russian trade surplus increased by 2.2 percent to $9.14 billion in November 2016 from $8.94 billion in the same month a year earlier, well above market expectations of a $7.6 billion surplus. Exports rose 4.9 percent, the first increase since July 2014; and imports went up 6.4 percent, the fourth consecutive month of growth.

Consumer prices in Russia increased 5.4 percent year-on-year in December of 2016, following 5.8 percent rise in the previous month and in line with preliminary estimates. It was the lowest inflation rate since June 2012, as prices increased at a slower pace for food, housing and utilities, clothing and footwear and recreation and cultural activities. On a monthly basis, prices went up 0.4 percent, at the same pace as in November.

Consumer prices in Russia increased 5.4 percent year-on-year in December of 2016, following 5.8 percent rise in the previous month and below market expectations of 5.6 percent. It was the lowest inflation rate since June 2012, according to preliminary estimates. A year ago inflation was recorded at 12.9 percent.

Russian unemployment rate decreased to 5.4 percent in November of 2016 compared to 5.8 percent a year ago and in line with market expectations. In the previous month, the jobless rate was recorded at 5.4 percent.

The Central Bank of Russia kept its benchmark one-week repo rate unchanged at 10 percent on December 16th and signaled the possibility of further cuts in the first half of 2017. Policymakers also said that the dynamics of inflation and economic activity were overall in line with the forecast and inflation risks have subsided somewhat. Consumer prices growth was slowing down in part under the influence of temporary factors, while deceleration in inflation expectations remains unsteady.

Russian economy shrank 0.4 percent year-on-year in the third quarter of 2016, following 0.6 percent fall in the previous period, and in line with preliminary estimates. It was the smallest contraction in seven quarters, driven by lower drop in construction, public administration, transport and accelerated growth for mining and quarrying and agriculture. Russia remained stuck in recession, led by low oil prices, and sanctions over Ukraine that closed access to capital markets.

Russia's trade surplus decreased to $6.6 billion in October 2016, from a $10 billion surplus a year earlier and well below market expectations of $8.2 billion. Exports dropped 7.6 percent, while imports rose for the third consecutive month by 8.2 percent. Considering the first ten months of the year, the trade surplus shrank 45.7 percent to $69.7 billion, as exports fell 22 percent and imports declined at a slower 2.7 percent.

Consumer prices in Russia increased 5.8 percent year-on-year in November of 2016, following 6.1 percent growth in the previous month and below market expectations of 5.9 percent. It was the lowest inflation rate since July 2012, as prices rose at a slower pace for food; clothing and footwear; recreation and culture; furnishings and household equipment and alcoholic beverages and tobacco . On a monthly basis, prices went up 0.4 percent, below market consensus of 0.6 percent.

Russian unemployment rate decreased to 5.4 percent in October of 2016 compared to 5.5 percent a year ago and in line with market expectations. In the previous month, the jobless rate was recorded at 5.2 percent.

Russia's trade surplus decreased to $7.38 billion in September 2016, from a $9.5 billion surplus a year earlier while above market expectations of $6.9 billion. Exports dropped 3 percent, the lowest decline since August 2014. Meanwhile, imports rose for the second consecutive month by 7.9 percent. Considering the first nine months of the year, the trade surplus shrank 46.6 percent to USD 63.1 billion, as exports fell 23.4 percent and imports declined 4 percent.

Consumer prices in Russia increased 6.1 percent year-on-year in October of 2016, following 6.4 percent growth in the previous month and below market expectations of 6.2 percent. It was the lowest inflation rate since January 2014, as prices rose at a slower pace for food, housing and utilities, clothing and footwear, transport, furnishings and recreation and culture. On a monthly basis, prices went up 0.4 percent.

The Central Bank of Russia kept its benchmark one-week repo rate unchanged at 10 percent on October 28th and signaled the rate will be maintained till end-2016 with its further possible cuts in 2017 Q1-Q2. Policymakers also said the dynamics of inflation and economic activity were overall in line with the forecast. At the same time, inflation is slowing down to a great extent on the back of temporary factors, while deceleration in inflation expectations remains unsteady. Annual growth in consumer prices is set to total less than 4.5 percent for October 2017, dropping to the target level of 4 percent by the end of 2017.

Russia's trade surplus decreased to $4.9 billion in August 2016, from a $8.8 billion surplus a year earlier and well below market expectations of $7.2 billion. It was the lowest trade surplus since April 2009, as exports dropped 7.2 percent while imports rose for the first time since December 2013 by 13 percent. Considering the first eight months of the year, the trade surplus shrank 48.7 percent to USD 55.7 billion, as exports fell 25.7 percent and imports declined 5.6 percent.

Consumer prices in Russia increased 6.4 percent year-on-year in September of 2016, following 6.9 percent growth in the previous month and below market expectations of 6.6 percent. It was the lowest inflation rate since February 2014, as food, housing and utilities, clothing and footwear, transport prices rose at a slower pace. On a monthly basis, prices went up 0.2 percent.

Russian unemployment rate declined to 5.2 percent in August of 2016, compared to 5.3 percent in the previous month and well below market expectations of 5.4 percent. It was the lowest jobless rate since September 2015, as the number of unemployed people decreased by 88 thousand to 4.037 million while economically active increased by 0.6 million to 77.5 million (53 percent of population).

The Central Bank of Russia lowered its benchmark one-week repo rate by 50bps to 10 percent on September 16th, and signaled the rate will be maintained till end-2016 with its further possible cuts in 2017 Q1-Q2. Policymakers also said inflation expectations had decreased while economic activity remained unstable. Annual inflation rate declined to two-year low 6.9 percent in August, following 7.2 percent in the previous month.

Russia's trade surplus decreased to $6.5 billion in July 2016, from a $10.6 billion surplus a year earlier while above market expectations of $6.1 billion. It was the lowest trade surplus since April 2009, as exports dropped at a faster 17.5 percent than 4.1 percent fall in imports. Considering the first seven months of the year, the trade surplus shrank 48.7 percent to USD 51.249 billion, as exports fell 27.8 percent and imports declined 8.6 percent.

Russian economy shrank 0.6 percent year-on-year in the second quarter of 2016, following 1.2 percent fall in the previous period and in a line with preliminary estimates. It was the smallest contraction in six quarters, as manufacturing production returned to growth and wholesale and retail trade declined at a slower pace.

Consumer prices in Russia increased 6.9 percent year-on-year in August of 2016, following 7.2 percent growth in the previous month while above market expectations of 6.1 percent. It was the lowest reading since March 2014, as housing and utilities, clothing and footwear, transport and recreation and culture prices rose at a slower pace while food cost accelerated. On a monthly basis, prices were flat.

Russian unemployment rate was recorded at 5.3 percent in July of 2016, compared to 5.4 percent in the previous month. The figure came below market expectations of 5.4 percent and was the lowest since September 2015.

Russia's trade surplus decreased to USD 8.1 billion in June 2016, from a USD 13.8 billion surplus a year earlier while above market expectations of USD 7.46 billion. It was the biggest trade surplus since December last year, as exports and imports dropped at a slower 19.8 percent and 1.4 percent, respectively. Considering the first six months of the year, the trade surplus shrank 49.9 percent to USD 44.7 billion from USD 89.3 billion in the same period of 2015.

Consumer prices in Russia increased 7.2 percent year-on-year in July of 2016, following 7.5 percent growth in the previous month. It was the lowest reading since March 2014 and below market expectations of 7.4 percent. Housing and utilities, and recreation and culture prices rose at a slower pace while food cost accelerated. On a monthly basis, prices went up 0.5 percent.

Russian unemployment rate was recorded at 5.4 percent in June of 2016, down from 5.6 percent in the previous month. The figure came well below market expectations of 5.6 percent and was the lowest since September 2015. The number of unemployed people decreased by 126 thousand to 4.17 million while economically active increased by 0.4 million to 76.9 million (52 percent of population).

Russia's trade surplus decreased sharply to USD 7.5 billion in May 2016, from a USD 15.3 billion surplus a year earlier while above market expectations of USD 7.2 billion. Exports dropped 28.3 percent and imports went down at a slower 5.5 percent. Considering the first five months of the year, the trade surplus shrank 51.4 percent to USD 36.6 billion from USD 75.4 billion in the same period of 2015.

Consumer prices in Russia increased 7.5 percent year-on-year in June of 2016, following 7.3 percent growth in the previous month. It was the highest reading since February and above market expectations of 7.4 percent. Food, housing and transport prices growth accelerated while recreation and culture rose at a slower pace. On a monthly basis, prices went up by 0.4 percent.

Russian unemployment rate was recorded at 5.6 percent in May of 2016, down from 5.9 percent in the previous month. The figure came below market expectations of 5.8 percent and was the lowest October 2015. The number of unemployed people decreased by 217 thousand to 4.3 million.

Russian economy shrank 1.2 percent year-on-year in three months to March of 2016, following 3.8 percent drop in the previous period and in line with preliminary estimates, final figures showed. The country remained in recession for the fifth consecutive quarter, led by fall in manufacturing, construction, wholesale and retail trade while agriculture, mining and quarrying, financial and rental services advanced.

Russia's trade surplus decreased sharply to USD 6.8 billion in April 2016, from a USD 14.5 billion surplus a year earlier and below market expectations of USD 8.8 billion. It was the lowest reading since April 2009, as exports fell 28.8 percent while imports went down shrank 6.5 percent.

The Bank of Russia lowered its benchmark one-week repo rate by 50bps to 10.5 percent on June 10th, as widely expected, saying inflation expectations continued to decrease amid an economic recession. Policymakers also said a rate cut could be considered in next meetings if inflationary risks fall further and projected the annual inflation will reach the 4 percent target in late 2017.

Consumer prices in Russia increased 7.3 percent year-on-year in May of 2016, unchanged from the previous two months, staying at the lowest level since April of 2014. Food and transport prices rose at a faster pace while clothing and footwear growth slowed down. On a monthly basis, prices went up by 0.4 percent.

Unemployment rate in Russia was recorded at 5.9 percent in April of 2016, down from 6.0 percent in the previous month and below market expectations of 6.0 percent. The number of unemployed people decreased by 47 thousand to 4.52 million while economically active increased by 0.2 million to 76.3 million (52 percent of population).

Russia's trade surplus decreased by 51 percent to USD 7.7 billion in March of 2016, from a USD 15.8 billion surplus a year earlier and below market expectations of USD 8.5 billion. Exports fell 30.1 percent and imports went down at a slower 10.6 percent.

Consumer prices in Russia increased 7.3 percent year-on-year in April of 2016, the same pace as in the preceding month, staying at its lowest level since April of 2014 and below market expectations of 7.4 percent. Food and transport prices growth accelerated while housing and utilities cost slowed down. On a monthly basis, prices edged up by 0.4 percent.

The Bank of Russia kept its benchmark one-week repo rate unchanged at 11% on April 29th, saying inflation is easing although at a slower pace than anticipated due to budget uncertainties and ambiguity in nominal wages. Policymakers also said a rate cut could be considered in next meetings if inflationary risks decrease.

Unemployment rate in Russia was recorded at 6.0 percent in March of 2016, up from 5.8 percent in the previous three months and above market expectations of 5.9 percent. It was the highest rate since January of 2013, as the number of unemployed people increased by 138 thousand to 4.56 million while economically active increased by 0.2 million to 76.1 million (52 percent of population).

Consumer prices in Russia increased 7.3 percent year-on-year in March of 2016, slowing from 8.1 percent growth in the previous month and below market expectations of 7.5 percent. It was the lowest reading since April of 2014, pulled down by cost of food, housing and clothing. On a monthly basis, prices edged up by 0.5 percent.

Russian jobless rate was recorded at 5.80 percent in February of 2016, unchanged from the previous two months and in line with market expectations. The number of unemployed people was steady at 4.4 million while economically active increased by 0.1 million to 75.9 million (52 percent of population).

The Bank of Russia left its benchmark one-week repo rate unchanged at 11% on March 18th saying inflationary risks remain high due to developments in the oil market and budget uncertainties. Policymakers also said rates may stay high for longer than previously planned, aiming to bring inflation to target.

Russia's trade surplus narrowed to USD 7.9 billion in January of 2016, from a USD 15.4 billion surplus a year earlier. It was the lowest surplus since August of 2010, as exports fell 34.4 percent and imports decreased at a slower 21 percent.

Consumer prices in Russia increased 8.1 percent year-on-year in February of 2016, compared to 9.8 percent growth in the previous month and below market expectations of 8.5 percent. It was the lowest figure since September of 2015, as cost of food, housing and transportation rose at a slower pace. On a monthly basis, prices went up by 0.6 percent.

Russian unemployment rate was recorded at 5.80 percent in January of 2016, unchanged from the previous month and below market expectations. The number of unemployed people was steady at 4.4 million while economically active decreased by 0.9 million to 75.8 million (52 percent of population).

Consumer prices in Russia increased 9.8 percent year-on-year in January of 2016, down from 12.9 percent in the previous month, slightly below market expectations. It was the lowest reading since November of 2014, as cost of food, housing and transportation rose at a slower pace. On a monthly basis, prices went up by 1.0 percent.

The Bank of Russia left its benchmark one-week repo rate unchanged at 11 percent on January 29th 2016 as another oil price slump sent the ruble to fresh record lows of 85 per USD last week thus increasing inflation risks. The inflation rate declined to 12.9 percent in December after being above 15 percent for most of 2015, but it is still far from the central bank's 4 percent target. The policymakers estimate annual inflation to drop below 7 percent as early as January 2017 so it reaches the target by late 2017. However, if inflation risks amplify, the Bank of Russia cannot rule out a tightening of its monetary policy.

Russian jobless rate was recorded at 5.80 percent in December of 2015, the same as in the previous month and remaining the highest since April of 2015. The number of unemployed people decreased marginally while economically active edged up slightly.

Russia posted a USD 9.1 billion trade surplus in November of 2015, down from a USD 13.7 billion surplus a year earlier, as exports shrank 30.5 percent and imports 28.9 percent. It is the lowest trade surplus since August.

Consumer prices in Russia increased by 12.9 percent year-on-year in December of 2015, following a 15.0 percent growth in the previous month and below market expectations. It was the lowest reading since December of 2014.

Russian jobless rate unexpectedly increased to 5.8 percent in November from 5.5 percent in October and above market expectations of 5.6 percent. It is the highest rate since April, as the number of unemployed people edged up while economically active declined.

The Bank of Russia left its benchmark one-week repo rate unchanged at 11 percent on December 11th, 2015, recognizing growing inflation risks while the risks of economic cooling remained. However, policymakers signaled rate cuts in the next meetings, if inflation slows down in line with forecasts and on condition inflation risks recede.

Consumer prices in Russia increased by 15.0 percent year-on-year in November of 2015, following a 15.6 percent growth in the previous month, as cost of food, housing and transportation rose at a slower pace while clothing and footwear prices went up.

The fall in commodity prices and Western sanctions have been hurting Russian economy in the last year. And although the official government forecasts are pointing to the end of recession in 2016 and slowdown in inflation, there is a possibility that ongoing military operation in Syria and escalating conflict with Turkey may push the recovery further ahead.

Russian jobless rate unexpectedly increased to 5.5 percent in October from 5.2 percent in September and above market expectations of 5.4 percent. It is the highest rate since May as the number of unemployed people edged up while employed and economically active declined.

The Russian economy shrank 4.1 percent year-on-year in the three months to September of 2015, preliminary estimates from the Federal Statistics Service showed. The economy contracted for the third straight quarter, marking the first recession since the financial crisis in 2009.

Consumer prices in Russia increased by 15.6 percent year-on-year in October of 2015, down from a 15.7 percent growth in the previous month, as cost of food, transportation and housing rose at a slower pace while clothing and footwear prices went up.

The Bank of Russia left its benchmark one-week repo rate steady at 11 percent in October of 2015, saying the balance between inflation risks and weak growth remains unchanged. Yet, policymakers signaled they would lower rates in the next meetings if the inflation rate keeps slowing.

Russian jobless rate decreased to 5.2 percent in September from 5.3 percent in August and below market expectations. It is the lowest rate since November of 2014 as the number of unemployed and economically active people decreased.

Consumer prices in Russia increased by 15.7 percent year-on-year in September of 2015, slightly down from a 15.8 percent growth in the previous month, as cost of food, transportation and housing rose at a slower pace.

Annual inflation rate in Russia increased to 15.8 percent in August of 2015 from 15.6 percent in the previous month. The number came above market expectation as prices of fruits and vegetables increased.

Russian GDP shrank 4.6 percent year-on-year in the second quarter of 2015 compared to a 2.2 percent decline in the previous three months, according to the preliminary estimate released by Rosstat. It is the largest contraction in six years, marking the first recession since the financial crisis in 2009.

The Bank of Russia lowered its benchmark one-week repo rate by 50 bps to 11 percent on July 31st. It is the fifth straight cut aimed at boosting growth and despite a slight increase in the inflation risks.

Russian GDP shrank 2.2 percent year-on-year in the first three months of 2015, worse than a 1.9 percent contraction previously reported. It is the first decline since the last quarter of 2009, final data from the statistical office showed.

The Russian economy contracted 1.9 percent year-on-year in the first three months of 2015, preliminary data from the statistical office showed. It is the first decline since the last quarter of 2009 prompted by a sharp drop in oil prices and sanctions imposed over the Ukraine crisis .

Russian annual inflation slowed for the first time in nine months to 16.4 percent in April from 16.9 percent in March. Figures came below market expectations due to lower cost of food and transport, after the ruble gained more than 10 percent against the USD during the month.

The Bank of Russia cut its benchmark one-week repo rate by a bigger-than-expected 150bps to 12.5 percent in April. It is the third straight cut as inflationary pressures slowed while the economy is cooling.

Russian trade surplus increased for the first time in four months year-on-year to USD 13.6 billion in February of 2015 from USD 12.5 billion a year earlier as the contraction in exports and imports slowed.

Russian consumer prices rose 16.9 percent year-on-year in March of 2015, following a 16.7 percent increase in February. Yet, monthly inflation slowed for the second straight month to its lowest since October last year.

Russian central bank lowered its benchmark one-week repo rate by 100 bps to 14 percent on March 13th, as "balance of risks is still shifted towards a more significant cooling of the economy". It is the second straight rate cut.

Russian annual inflation rate increased further to 16.7 percent in February of 2015 from 15 percent in the previous month, due to higher food cost. It is the highest figure since March of 2002 when it was recorded at 16.8 percent.

Russian jobless rate increased to 5.5 percent in January of 2015 from 5.3 percent in the previous period. The unemployment rate rose for the fifth straight month, reaching its highest since February when it was recorded at 5.6 percent.

Russian annual inflation rate accelerated for the sixth consecutive month to 15 percent in January of 2015 from 11.4 percent in December. It is the highest rate in more than six years as a weak rouble has been pushing import prices up.

Central bank of Russia surprisingly cut its benchmark one-week repo rate by 200 bps to 15 percent in January, saying inflation is expected to fall in mid-2015 while the economy is cooling. The move was quite unexpected and follows a 650 bps increase in December.

The Russian GPD posted zero growth in the three months to September, following a revised 0.14 percent expansion in the previous period, as a rise in internal trade and real estate activities was not enough to offset a drop in manufacturing.

The Russian economy advanced 0.7 percent year-on-year in the third quarter of 2014, matching preliminary estimates from the Federal Statistics Office. Growth was mainly driven by the manufacturing and transport sectors.

Russian central bank raised its benchmark one-week repo rate for the second straight meeting by 100 bps to 10.5 percent, aiming to fight inflation and support the ruble. Policymakers also cut growth forecasts sharply due to lower oil prices.

The Russian economy advanced 0.7 percent year-on-year in the third quarter of 2014, down from a 0.8 percent expansion reported from April to June, according to the preliminary figures from the Federal Statistics Office. The number came well above market expectations and the central bank estimate of 0.2 percent.

Russian central bank decided to increase the one-week repo rate by 150 bps to 9.5 percent on October 31st citing high inflation. Since the beginning of 2014, the benchmark interest rate rose four times by a total 400 bps.

Russian consumer prices rose by an annual 8 percent in August of 2014 compared with a 7.6 percent increase in July. The inflation rate accelerated for the second straight month to its highest since August of 2011.

Russian GDP advanced 0.25 percent on quarter in the April to June period. Growth figures for the first three months of 2014 were revised to show the economy stalled instead of a previously reported 0.3 percent contraction.

At its September 12th, 2014 meeting, Russian central bank decided to leave its benchmark one-week repo rate steady at 8 percent, as the current monetary policy stance is expected to bring inflation down to 4 percent in the medium run.

Russia’s economy expanded 0.8 percent year-on-year in the first three months of 2014, slightly below 0.9 percent increase in the previous quarter, preliminary data from the Federal Statistics Service showed.

Russian central bank hiked its benchmark one-week repo rate by 50 bps to 8 percent on July 25th, aiming to curb high inflation caused by geopolitical tensions. Policymakers also said that the interest rates could rise further if high inflation risks persist.

Russian trade surplus narrowed 7.8 percent over the previous month to USD 18.28 billion in May of 2014, as exports fell for the first time in three months. Compared with the same month of 2013, the trade surplus widened 25 percent, due to a surge in exports to the Commonwealth of Independent States countries.

Russian annual consumer prices accelerated for the fifth straight month in June to its highest since August of 2011. The inflation rate rose to 7.8 percent, following a 7.6 percent increase in the previous month, driven by higher food and utility cost.

The Russian economy shrank 0.3 percent quarter-on-quarter in the first three months of 2014, following a revised 0.3 percent expansion in the previous two quarters. It is the first contraction in five quarters, as production in nearly all main sectors of the economy decreased.

Russian jobless rate fell to 4.9 percent in May of 2014, the lowest rate since January of 1993. Unemployment decreased for the third straight month from 5.3 percent in April. A year earlier, unemployment reached 5.2 percent of the workforce.

At its June 16th, 2014 meeting, Central Bank of Russia left its benchmark one-week repo rate on hold at 7.5 percent, following a 50 bps increase last meeting. Policymakers cited concerns over high inflation and hinted future rate hikes in case existing inflation risks materialize.

Russian trade surplus increased to USD 19.8 billion in April of 2014 from USD 19.7 billion in the previous month and USD 14.2 billion a year earlier. It is the highest surplus since February of 2012 as exports grew at its fastest annual pace in twenty five months.

Russia’s GDP expanded 0.9 percent year-on-year in the first three months of 2014, down from a 2 percent increase in the previous quarter. It is the lowest growth rate in five quarters, hurt by a fall in investment.

Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.

Russian trade surplus decreased 34 percent in February of 2014 over the previous month to USD 12.43 billion, mainly due to a sharp fall in exports to countries outside the Commonwealth of Independent States. Compared with the same month last year, the surplus narrowed 18.5 percent.

The Russian economy advanced at a faster than expected 2 percent year-on-year in the last three months of 2013, up from a revised 1.3 percent expansion in the previous period. GDP growth in 2013 as a whole was 1.3 percent.

In the first month of 2014, Russian trade surplus widened to USD 18.86 billion, up from USD 15.8 billion a month earlier and USD 17.21 billion in the same month last year, as imports dropped to the lowest value in three years.

At its March 14th, 2014 meeting, Bank of Russia decided to leave the benchmark interest rate unchanged at 7 percent, as inflation risks that brought about an increase in the key rate on March 3rd still apply. The central bank said it does not intend to lower the key rate in the coming months, as its priority is to contain the effect of exchange rate dynamics on consumer prices.

At its February 14th, 2014 meeting, the Bank of Russia Board of Directors decided to maintain the benchmark key rate at 5.5 percent, as the inflation is expected to be close to the target level by the end of 2014 amid slow economic growth. But the central bank also noticed that it would raise rates if the weakening rouble causes inflation to rise above mid-term targets.

In the third quarter of 2013, Russia's economy expanded by 1.2 percent over the same quarter of the previous year, in line with the preliminary release and the same growth rate as in the previous three-month period.

In its November 8th meeting, Bank of Russia decided to leave the one-week auction repo rate at 5.5 percent. The decision was based on inflation risks and sluggish economic growth. The overnight rate remained unchanged at 6.5 percent.

In September of 2013, Russian jobless rate went up to 5.3 percent, from 5.2 percent in August. The number of unemployed people increased to 3.99 million persons, from 3.96 million in the previous month.

In August of 2013, Russian trade surplus increased to 13.8 billion USD, from 11.3 billion a year earlier. The improvement is due to falling imports (-5.3 percent, year-on-year) while exports grew by 2.3 percent.

In September of 2013, Russian annual inflation decelerated to 6.1 percent, the lowest rate in 13 months, mainly due to a sharp drop in housing cost. From August to July, prices went up by 0.2 percent, after rising 0.1 percent in the previous month.

In the second quarter of 2013, Russian GDP shrank by a seasonally adjusted 0.26 percent over the previous quarter, after contracting by 0.25 percent in the first three months of 2013. The rebound in mining was not enough to offset the drop in manufacturing.

In August of 2013, Russian jobless rate fell for the third consecutive month to 5.2 percent, from 5.3 percent in July. The number of unemployed people decreased to 3.96 million from 4.01 million in the previous month.

Bank of Russia decided on September 13th to leave the benchmark interest rate unchanged at 8.25 percent for the twelfth consecutive month, citing risks to low economic growth. It also decided to cut the overnight rate to 6.5 percent from 8.25 percent.

In July of 2013, Russian trade surplus increased to 13.3 billion USD, from 11.5 billion USD a year earlier. Exports increased for the second month in a row by 5.5 percent year-on-year, boosted by shipments to the non-CIS countries.

In August of 2013, Russian annual inflation remained stable at 6.5 percent. From July to August, prices eased to 0.1 percent, from 0.8 percent recorded in the previous period, mainly due to a drop in food prices.

In July, Russia's unemployment was down to 5.3 percent from 5.4 percent both in the previous month and in July of 2012. The number of unemployed decreased to 4.01 million people from 4.09 million in the previous month.

In its August 9th meeting, the Bank of Russia left its benchmark interest rate unchanged at 8.25 percent for a eleventh month in a row. The committee warned of risks to economic growth and predicted that inflation would return to its target range during the second half of the year.

In July of 2013, Russian annual inflation rate slowed for the second month in a row to 6.5 percent, from 6.9 percent in June, as food prices eased. From June to July, prices accelerated to 0.8 percent, from 0.4 percent recorded in the previous month.

In June, Russia's unemployment was up to 5.4 percent from 5.2 percent in May but was unchanged when compared with June of 2012. The number of unemployed increased to 4.10 million people from 3.90 million in the previous month.

In its July meeting, the Bank of Russia left its benchmark interest rate unchanged at 8.25 percent for a eleventh month. The Bank also introduced auctions for loans secured against non-market assets and guarantees. The decision was supported by the assessment of inflation risks and low economic growth prospects.

In June of 2013, Russian annual inflation rate eased to 6.9 percent from 7.4 percent in May due to lower food prices. On the month-over-month basis, inflation rate went up by 0.4 percent, down from 0.7 percent in the previous month.

In Q1 of 2013, seasonally adjusted Russian GDP fell 0.1 percent quarter-on-quarter, down from an expansion of 0.6 percent in Q4 of 2012. This contraction reflects a sharp drop in investment and a deterioration in external trade.

In May, Russia unemployment rate was recorded at 5.2 percent, down 0.4 percentage points from 5.6 percent reported in April, and 0.2 percentage points from 5.4 percent in May 2012. In the same period, the number of unemployed decreased to 3.90 million from 4.18 million in April and from 3.99 million in May of 2012.

Russian economy grew by 1.6 percent yoy in the first quarter of 2013, the lowest expansion since the fourth quarter of 2009, the Federal Statistics Office confirmed on June 17th. The slowdown was mostly caused by a decline in the mining sector, while services recorded a solid growth.

Russia´s consumer prices quickened to 7.4 percent in May from 7.2 percent registered in the previous month, the fastest pace since August of 2011. The increase was driven mostly by rises in the cost of services and food. On the month-over-month basis, inflation rate went up by 0.7 percent after rising 0.5 percent in the previous period.

Russia's economic growth has been anemic since the first quarter of 2012. Dependence on oil exports, weak environment for investments, aging population and corruption are making the economy unlikely to gain momentum any time soon.

In April, Russia unemployment rate was recorded at 5.6 percent, down 0.1 percentage points from 5.7 percent reported in March. In the same period, the number of unemployed decreased to 4.18 million from 4.25 million in March of 2013 and from 4.20 million in April of 2012.

On May 15th, the Board of Directors of the Bank of Russia decided to maintain unchanged the refinancing rate and the interest rates on the Bank of Russia main liquidity provision and absorption operations and to reduce effective from 16 May 2013 the interest rates on certain longer-term operations by 0.25 percentage points.

Russia's annual inflation rate went up to 7.2 percent in April from 7.0 percent recorded in the previous month. The consumer price index rose by 0.5 percent month-on-month in April after rising 0.3 percent in the previous period, according to a release from the Federal Statistics Service.

Russia unemployment rate was reported at 5.7 percent of the economically active population according to a report by the Rosstat. The unemployment rate decreased 0.1 percentage points in March of 2013 from 5.8 percent in February and decreased 0.8 percentage points from 6.5 percent a year earlier.

Russia's Annual inflation slowed to 7.0 percent in March from 7.3 percent in the previous month. The consumer price index rose by 0.3 percent month-on-month in March after rising 0.6 percent in the previous period, according to a release from the Federal Statistics Service.

Russia's gross domestic product expanded 1.8 percent on the quarter, down from 2.7 percent for the same period of 2011. Year-on-year, GDP rose 2.1 percent, slowing from an upwardly revised 3 percent in the third quarter, according to the Federal Statistics Service.

The Board of Directors of the Bank of Russia decided to maintain unchanged the refinancing rate and the interest rates on the Bank of Russia main liquidity provision and absorption operations and to reduce the interest rates on certain longer-term refinancing operations by 0.25 percentage points.

Russia unemployment rate was reported at 5.8 percent of the economically active population according to a report by the Rosstat. Russia's unemployment rate decreased 0.2 percentage points in February of 2013 from 6.0 in January of 2013 and decreased 0.7 percentage points from 6.5 percent in February of 2012.

According to the Bank of Russia External and Public Relations Department, the Board of Directors of the Bank of Russia decided to maintain the refinancing rate and the interest rates on the Bank of Russia operations unchanged in March of 2013. The decision was supported by the assessment of inflation risks and economic growth prospects.

Recent updates for Russia indicate the economy is cooling down. In the first quarter of 2013, the GDP grew 1.6 percent yoy, the smallest expansion since the fourth quarter of 2009, hurt by lower demand for commodity exports and drop in investment.

Russian inflation rate rose to 7.3 percent year-on-year in February of 2013, up from 7.1 percent in January of 2013. In monthly terms, prices rose 0.6 percent according to a release from the National Statistics Institute.

According to the Bank of Russia External and Public Relations Department, the Board of Directors of the Bank of Russia decided to maintain the refinancing rate and the interest rates on the Bank of Russia operations unchanged in February of 2013

Russian inflation rate rose to 7.1 percent year-on-year in January of 2013, up from 6.6 percent in December of 2012. In monthly terms, prices rose 1 percent, according to a release from the National Statistics Institute.

The Bank of Russia External and Public Relations Department informs that on 15 January 2013 the Board of Directors of the Bank of Russia Decided to Maintain the refinancing rate and the Interest rates on the Bank of Russia Operations unchanged.

Russia's gross domestic product growth slowed to 2.9% on year compared with a 5% growth seen in the same period a year ago. Quarter-on-quarter, GDP grew 0.6 in the three months from July to end-September, down from 1.8% for the same period of 2011.

On 10 December 2012, the Board of Directors of the Bank of Russia raised the interest rates on the fixed-term deposit operations by 0.25 percentage points, reduce the interest rate on the rouble leg of the Bank of Russia FX swap transactions by 0.25 percentage points and maintain the refinancing rate and the interest rates on the other Bank of Russia operations unchanged.

Highly dependent on oil prices, Russia was extremely vulnerable during the recent global economic downturn. In fact, the Russian Federation went through its worst recession in 15 years, shrinking almost 8% in 2009. Yet, the recent surge in energy price, various stimulus programs and low interest rates made Russia grew 2.9% in the first quarter of 2010. But will Russia be able to sustain this expansion in the long run?

Russia’s economy shrank the most on record in 2009 after the price of oil slumped 77 percent from peak to trough and left businesses to start the year trying to adjust to smaller profits as banks cut off credit.

Russia’s economic decline eased last quarter from a record slump in the previous three months as oil, gas and metals prices rebounded and stimulus measures helped offset the impact of the global recession.

Russia’s economy contracted the most on record last quarter as rising unemployment sapped consumer demand, bank lending stalled and the government failed to approve a stimulus package until just two months ago.

The Russian economy contracted by 9.8% yoy in the first three months of 2009, after a 1.2% GDP yoy growth in the last quarter of 2008. And although in May the pace of decline seemed to be slowing down, at Trading Economics we don’t expect Russia’s GDP to be back into positive territory any time soon.

Russia’s economy contracted the most in 15 years in the first quarter after industrial production plunged and the government’s 3 trillion rubles ($97 billion) in stimulus spending failed to boost companies and banks.

The Russian economy contracted by 9.5% yoy in the first three months of 2009, after a 1.2% GDP yoy growth in the last quarter of 2008. What is behind this unprecedented drop? Could Russia have been better prepared for the downturn?

Russia’s economic output plummeted 23 percent in the first quarter from the previous three months as industrial production plunged and the government’s 3 trillion- ruble ($93.5 billion) stimulus package failed to boost lending.

The global financial crisis has triggered a sudden drop in commodity prices and the once "untouched" Russian economy is now in the brink of a severe recession. Could Russia have been better prepared for the downturn? If yes, what measures could have been taken to soften the economic deterioration?

Not a long time ago, with flowing foreign investments and rising oil prices, Russia’s economic growth outlook was startling. Yet, it didn't last that long. The global economic crisis which leads to a sharp drop in commodity prices is now endangering Russia’s ambition to become an economic power.

Russia's ruble gained for a second day against the dollar-euro basket after the Finance Ministry said it will offer banks a loan to boost liquidity and on speculation the central bank was selling reserves to prop up the currency amid falls on the equity market.

Russia's Micex Index fell the most since Bloomberg began tracking the measure in May 2001, losing 14 percent, after the cost of borrowing in dollars overnight more than doubled and as oil prices tumbled.

The ruble is set for its biggest monthly decline against the dollar-euro basket since its introduction in 2005 as rising tensions with the U.S. and European Union prompt investors to reduce holdings of Russian assets.

Russia's ruble weakened against its dollar-euro basket as the country's stock market fell after Prime Minister Vladimir Putin's said Russia may pull out of its bid to join the World Trade Organization.

Russian stocks fell to the lowest since 2006 on concern the recognition of two breakaway Georgian regions will renew tensions in the area, while lower oil prices may curb the earnings of energy companies.

Inflation uncertainty supports gradual hikes in the federal funds rate, Fed Chair Yellen said in a speech at the NABE meeting, suggesting another rate hike this year is still on the table. Chair Yellen also added that the outlook is uncertain and some key assumptions underlying employment and inflation could be wrong. Thus, a revised assessment could lead to an easier policy path.

Sales of new single-family houses in the United States shrank 3.4 percent to a seasonally adjusted annual rate of 560 thousand in August of 2017 from an upwardly revised 580 thousand in July. It is a new low so far this year, well below market expectations of 588 thousand. Sales fell the most in the South, partly due to Hurricanes Harvey and Irma.

The unemployment rate in Mexico declined to 3.5 percent in August of 2017 from 4 percent a year earlier but above market expectations of 3.4 percent. When adjusted for seasonality, the unemployment rate increased to 3.3 percent from 3.2 percent.

Hong Kong trade gap increased by 10.6 percent to HKD 35.53 billion in August of 2017 from a HKD 32.10 billion shortfall in the same month of the previous year, as imports rose at a faster 7.7 percent and exports advanced 7.4 percent. Considering the January to August period, the trade deficit widened to HKD 293.1 billion from HKD 264.8 billion in the same period of the previous year, with imports increasing 8.6 percent and exports rising 8.4 percent.

New Zealand’s trade deficit narrowed modestly to NZD 1235 million in August of 2017 compared to a NZD 1240 million gap in the same month of the previous year and expectations of a NZD 825 million gap. The annual trade deficit for the year ended August of 2017 narrowed modestly to NZD 3.20 billion, from NZD 3.21 billion in July of 2017.

Consumer prices in Singapore rose 0.4 percent from a year earlier in August of 2017, following a 0.5 percent rise in the prior month while market expected a 0.6 percent increase. It was the lowest inflation rate since April, as cost of food and transport increased at slower paces while cost of housing & utilities continued to fall.

Next week, the most important data for the US include the final estimate for GDP growth, PCE inflation, personal income and spending, durable goods and new home sales. Investors will also be looking for updated UK GDP figures; inflation for the Euro Area, Germany, France and Italy; Japan inflation and unemployment and China PMIs. The result of the German federal election will also be on the spotlight.

The central bank of Indonesia unexpectedly cut its key repo rate by 25bps to 4.25 percent on September 22nd 2017, following a similar 25bps cut in the previous meeting. The move aimed to strengthen banking intermediary function and support economic growth. Policymakers said current policy stance is sufficient to achieve inflation and macroeconomic targets, suggesting further loosening is unlikely in the near future. The lending and the deposit facility rates were also lowered by 25bps each to 5 percent and 3.5 percent respectively.

The IHS Markit US Manufacturing PMI edged up to 53 in September from 52.8 in August, matching expectations, flash estimates showed. Job creation was the strongest so far this year while output growth was steady at August's 14-month low, new orders slowed and input price inflation accelerated.

Consumer prices in Canada increased 1.4 percent year-on-year in August of 2017, following a 1.2 percent rise in July and below market expectations of 1.5 percent. It is the highest inflation rate in four months, mainly due to rising gasoline and homeowners' replacement costs.

Spain's trade deficit increased to EUR 2.10 billion in July of 2017 from EUR 0.56 billion in the corresponding month a year earlier. Exports increased 3.9 percent year-on-year to EUR 22.19 billion while imports rose at a faster 10.8 percent to EUR 24.29 billion. Considering the January to July period, the trade deficit jumped 56.3 percent to EUR 13.19 billion, as imports grew quicker than exports.

The French economy advanced 0.5 percent quarter-on-quarter in the June quarter of 2017, the same pace as in the previous two quarters and in line with the second estimates, final figures showed. It was the fourth straight quarter of expansion, driven by household consumption, government spending and exports while fixed investment rose at a slower pace.

The South African Reserve Bank unexpectedly left is benchmark repo rate steady at 6.75 percent on September 21st 2017, following a 25bps cut in July, mentioning economic uncertainties. Markets were expecting a 25bps cut. However, policymakers left the door open for further loosening in November, saying it would be appropriate to reassess the data and the balance of risks at the next meeting.

Initial jobless claims in the US unexpectedly fell by 23K to 259K in latest week, well below expectations of 300K. The numbers continued to be influenced by Hurricanes as unadjusted claims rose in Florida but declined in Texas. Meanwhile, the 4-week moving average increased by 6K to 268.750K, the highest since June of 2016.

Consumer prices in Hong Kong increased 1.9 percent year-on-year in August of 2017, easing from 2 percent in the previous month. Prices advanced at a softer pace for food and transport while rose faster for housing and miscellaneous services.

The central bank of Philippines left its key overnight borrowing rate at 3 percent on September 21st, as widely expected, arguing that inflation expectations remain firmly close to the midpoint of the Government’s 3 percent ± 1 percentage point target over the policy horizon. Policymakers also underscored that latest forecasts show future inflation path will continue to be within the target range for 2017-2019.

Swiss trade surplus narrowed 23.9 percent to CHF 2.17 billion in August 2017 from CHF 2.85 billion a year earlier and below market expectations of CHF 2.41 billion. It was the smallest trade surplus since April, as exports rose less than imports.

The Bank of Japan left its key short-term interest rate unchanged at -0.1 percent at its September 2017 meeting, hours after the Federal Reserve announced a plan to begin selling some of the assets on its balance sheet beginning in October. Policymakers also kept its 10-years government bond yield target around zero percent and maintained its upbeat view on private consumption and overseas economies.

The New Zealand economy advanced 0.8 percent on quarter in the second quarter of 2017, gaining steam after an upwardly revised 0.6 percent expansion in the previous and matching expectations. The expansion was boosted by services and manufacturing while construction and mining contracted.

The Federal Reserve left the target range for its federal funds rate unchanged at 1 percent to 1.25 percent during its September 2017 meeting as widely expected. Policymakers kept forecasts for another rate hike this year and expect a higher GDP growth while core PCE inflation is seen lower. In addition, the central bank announced it will begin reducing its $4.5 trillion balance sheet in October.

Inflation rate in South Africa increased to 4.8 percent from 4.6 percent in July which was the lowest since September of 2015 but below market expectations of 4.9 percent. Transport prices rose faster while food cost increased the least since November of 2015. Also core inflation fell to 4.6 percent, the lowest in five years.

Consumer prices in Malaysia rose 3.7 percent from a year earlier in August of 2017, compared to a 3.2 percent rise in the prior month. It was the highest inflation rate since May, as cost went up more for food & non-alcoholic beverages, transport, and housing.

Japan's trade balance swung to a JPY 113.64 billion surplus in August of 2017 from JPY 34.62 billion deficit in the same month a year earlier and above market consensus of a surplus of JPY 93.9 billion. Exports rose 18.1 percent from a year earlier to JPY 6,278 billion while imports increased by 15.2 percent to JPY 6,164.4 billion.

Russian unemployment rate fell to 4.9 percent in August 2017 from 5.2 percent in the same month of the previous year and below market expectations of 5.1 percent. It was the lowest jobless rate since August 2014.

Housing starts in the United States fell 0.8 percent from the previous month to a seasonally adjusted annualized rate of 1180 thousand in August of 2017, following an upwardly revised 1190 thousand in the previous month and compared to market expectations of a 1.7 percent rise. Starts declined in the Northeast and the South.

The withdrawal of monetary stimulus is likely to be appropriate over the coming months, if the economy and price pressures keep growing, Bank of England Governor Mark Carney said in a speech at the IMF on Monday. Still, there are considerable risks to the UK outlook, which include the response of households, businesses and financial markets to developments related to the process of EU withdrawal, he added.

The central bank of Kenya kept its benchmark interest rate unchanged at 10 percent for the thirteenth consecutive meeting on September 18th, 2017, as widely expected. Policymakers said the decision aims to continue to anchor inflation expectations in the context of general macroeconomic stability, a prolonged election period and continuous uncertainties in the global economy.

Consumer prices in the Euro Area increased by 1.5 percent year-on-year in August 2017, in line with the preliminary estimate and following a 1.3 percent gain in the previous month. It was the highest inflation rate since April, boosted by a jump in energy prices.

The seasonally adjusted unemployment rate in Hong Kong stood at 3.1 percent in the three month to August of 2017, unchanged from the previous two periods. It remains the lowest jobless rate since February of 2014. The underemployment rate also remained unchanged at 1.1 percent, the lowest level in almost two decades.

Next week the most important events will be US Federal Reserve and Bank of Japan policy meetings and UK Prime Minister May speech on Brexit in Florence. Other key data include US flash PMIs, housing statistics and current account; UK retail trade and CBI factory orders; the Eurozone flash PMIs, consumer sentiment and inflation; and China house prices.

The University of Michigan's consumer sentiment for the United States fell to 95.3 in September of 2017 from 96.8 in August but slightly above market expectations of 95.1. It is the lowest reading in three months, as hurricanes Irma and Harvey heavy impacted gauge if consumer expectations.

Industrial output in the US shrank 0.9 percent month-over-month in August of 2017, following an upwardly revised 0.4 percent gain in July and missing market expectations of a 0.1 percent increase. It is the first drop in industrial output since January and the biggest since May 2009 as Hurricane Harvey, which hit the Gulf Coast of Texas in late August, is estimated to have reduced the rate of change in total output by roughly 3/4 percentage point.

Retail sales in the United States fell 0.2 percent month-over-month in August of 2017, missing market expectations of a 0.1 percent rise and following a downwardly revised 0.3 percent gain in July instead of the initially reported 0.6 percent jump. It is the biggest drop in retail sales since February as auto sales declined 1.6 percent, most likely due to Hurricane Harvey. Excluding autos, retail sales increased 0.2 percent.

Consumer Prices in Nigeria increased 16.01 percent year-on-year in August of 2017, following a 16.05 percent rise in July and in line with market expectations of 16 percent. It is the seventh consecutive decline in inflation and a new low since May of 2016. The highest increases were seen in prices of clothing materials and articles of clothing, garments, passenger transport by air, motorcycles, shoes and other footwear. On the other hand, food inflation edged down to 20.25 percent from 20.28 percent in July which was the highest since the new CPI series began in 2009.

The Bank of Russia lowered its benchmark one-week repo rate by 50bps to 8.5 percent on September 15th, as widely expected, due to a quicker-than-expected slowdown in inflation. Policymakers also said that there is still room for further rate cuts over the next two quarters.

Irish trade surplus increased to EUR 4.0 billion in July of 2017 from EUR 3.7 billion in the same month of the previous year. Exports fell 4 percent year-on-year to EUR 8.9 billion, mainly due to a decrease in sales of organic chemicals as well electrical machinery, apparatus and appliances. Meanwhile, imports declined at a faster 12 percent to EUR 5 billion, dragged down by lower purchases of chemicals and related products.

The Irish economy expanded 1.4 percent on quarter in the three months to June 2017, rebounding from an upwardly revised 3.5 percent contraction in the previous period and in line with market expectations. Fixed investment and government spending were the main drivers of growth, while household consumption shrank for the first time in four years and net exports contributed negatively.

The Euro Area trade surplus narrowed to EUR 23.2 billion in July 2017 from EUR 24.8 billion in the corresponding month of the previous year. Still, the reading came in above market expectations of EUR 21.4 billion.

The unemployment rate in Turkey was unchanged at 10.2 percent in June of 2017, the same as in July of 2016. Non-farm unemployment was also steady at 12.2 percent. Among those aged 15 to 24 years old, the jobless rate increased to 20.6 percent from 19.4 percent.

Indonesia recorded a trade surplus 1.72 billion in August of 2017, compared to a 0.37 USD billion of surplus a year earlier and above market estimates of a 0.52 USD billion surplus. It was the largest surplus in trade balance since November 2011, as exports jumped 19.24 percent from a year earlier to 15.21 USD billion while imports went up 8.89 percent to 13.49 USD billion.

Chile’s central bank kept the benchmark interest rate unchanged at 2.50 percent in September 14th of 2017, leaving the rate unchanged for the fourth straight meeting. The outcome matched consensus expectations, and leaves the interest rate standing at its lowest level since September of 2010. Policymakers underscored that economic conditions improved since the last meeting, with copper prices climbing over the last months despite a recent downturn. Members of the board did not adopt an explicit bias on this occasion. Chile's consumer prices increased 1.9 percent year-on-year in August of 2017, above 1.7 percent in the previous month. It was the highest inflation rate since May.

The inflation rate in Ghana increased to 12.3 percent in August of 2017 from 11.9 percent in July. It is the highest increase in inflation rate since March of 2016, mainly due to a base drift effect compared to the index a year ago and higher petroleum prices. In addition, the government recently introduced a 3 percent flat VAT, replacing the 17.5 percent rate, thus increasing prices of several items, mainly imported ones.

Consumer prices in the US increased 1.9 percent year-on-year in August of 2017, above 1.7 percent in July and market expectations of 1.8 percent. It is the highest reading in three months, due to rising shelter and gasoline cost as Hurricane Harvey shut down refineries in the Gulf coast. The monthly rate went up to 0.4 percent, the highest since January and above forecasts of 0.3 percent.

The Central Bank of Turkey held its benchmark one-week repo rate at 8 percent on September 14th as widely expected. Policymakers said the economic recovery has gained strength boosted by domestic and external demand from the EU countries while high inflation continues to pose risks. As a result, a tight stance in monetary policy will be maintained until the inflation outlook improves significantly.

The Bank of England voted by seven to two to keep the Bank Rate at a record low of 0.25 percent on September 14th, 2017, as widely expected, saying estimates of private final demand were softer than anticipated and underlying pay growth has shown some signs of recovery, albeit remaining modest. Still, policymakers agreed that some withdrawal of monetary stimulus is likely to be appropriate over the coming months if the economy continues to grow and underlying inflationary pressures persist.

Italy's consumer prices increased 1.2 percent year-on-year in August of 2017, compared to a 1.1 percent rise in the previous month and matching preliminary estimates, final figures showed. The annual Inflation rate accelerated mainly due to rising prices of transport.

The Swiss National Bank left its deposit interest rate at a record low of -0.75 percent on September 14th 2017 as widely expected, aiming to stabilize the inflation and support growth. Policymakers also noticed that the Swiss franc recent weakness against the euro and appreciation against the dollar has helped to reduce the overvaluation of the currency although it still remains highly valued. Growth forecasts for 2017 were lowered to under 1 percent from near 1.5 percent while inflation is seen slightly higher at 0.4 percent from 0.3 percent.

French annual inflation came in at 0.9 percent in August 2017, unrevised from the preliminary estimate and compared with 0.7 percent in the previous month. It was the highest inflation rate since April, mainly due to a surge in energy prices.

Wholesale prices in India rose 3.24 percent year-on-year in August of 2017, following a 1.88 percent increase in the prior month and above market estimates a 3.0 percent gain. It was the highest wholesale inflation since April, due to a surge in prices of food and fuel.

Singapore’s seasonally adjusted unemployment rate stood at 2.2 percent in the June quarter of 2017, in line with the preliminary estimate and the same as in the prior two quarters. The jobless rate remained at its highest level since the fourth quarter 2010, as employment continued to decline.

Australia's seasonally adjusted unemployment rate stood at 5.6 percent in August of 2017, the same as in a month earlier and matching market estimates. The economy added 54,200 jobs while the number of unemployed decreased by 1,100.

The US government posted a USD 108 billion budget deficit in August 2017, compared with a USD 107 billion gap in the same month of the previous year and below market expectations of a USD 119.5 billion deficit.

Industrial production in the Euro Area increased by 3.2 percent year-on-year in July 2017, missing market expectations of 3.4 percent and following an upwardly revised 2.8 percent gain in June. Output rose at a faster pace for intermediate, capital and durable consumer goods.

UK unemployment rate declined to 4.3 percent in the three months to July of 2017 from 4.6 percent in the February to April period and below market expectations of 4.4 percent. It was the lowest jobless rate since the three months to May of 1975, as the number of unemployed continued to fall.

Consumer prices in Spain increased 1.6 percent year-on-year in August of 2017, following a 1.5 percent rise in the previous month and in line with the preliminary estimate. It is the highest inflation rate in three months, mainly due to rising transport prices, namely fuel.

The Swedish economy advanced 1.3 percent on quarter in the three months to June 2017, below the preliminary estimate of 1.7 percent and following a 0.6 growth in the previous period, final figures showed. It was the strongest pace of expansion since the last quarter of 2015, mainly boosted by net exports and government spending.

German consumer prices rose by 1.8 percent year-on-year in August of 2017, matching the preliminary estimate and following a 1.7 percent gain in the previous month. It was the highest inflation rate since April, as cost of energy and food went up at a faster pace.

Consumer prices in India increased 3.36 percent year-on-year in August of 2017, following a 2.36 percent rise in July and above market expectations of 3.2 percent. It is the highest inflation rate since March, due to a rebound in food prices. The Reserve Bank of India expects inflation at 2 percent - 3.5 percent in the first half of this fiscal year (April to September 2017) and at 3.5 percent - 4.5 percent in the second half (October 2017 to March 2018).

Consumer prices in Portugal increased 1.1 percent year-on-year in August of 2017, above 0.9 percent in July and reaching the highest in three months. A rise in transport prices was the main driver of the increase in the CPI. Core inflation which excludes food and energy increased to 1.3 percent from 1 percent in July.

Consumer prices in the United Kingdom rose by 2.9 percent in the year to August 2017, beating market expectations of 2.8 percent and following a 2.6 percent gain in the previous month. Rising prices for clothing and motor fuels were the main contributors to the increase.

The Philippines posted a trade deficit of USD 1.65 billion in July of 2017, compared to a USD 2.37 billion gap in the same month a year earlier. It was the smallest trade deficit since February 2016, as exports rose while imports fell.

Russia's gross domestic product advanced 2.5 percent year-on-year in the second quarter of 2017, unrevised from the preliminary estimate and following a 0.5 percent growth in the previous period, final figures showed. It was the strongest pace of expansion since the third quarter of 2012, as output grew firmly for wholesale and retail trade, mining, manufacturing and construction.

Russia's trade surplus narrowed by 36.3 percent to USD 3.97 billion in July 2017 from USD 6.24 billion in the same month a year earlier and way below market expectations of a USD 7.2 billion surplus. It was the smallest trade surplus since April 2003.

The Turkish economy advanced 5.1 percent year-on-year in the second quarter of 2017, easing slightly from an upwardly revised 5.2 percent expansion in the previous three months and below market expectations of 5.3 percent. Household consumption and exports slowed and public spending declined. The 2016 growth was revised up to 3.2 percent from 2.9 percent.

China's consumer prices rose 1.8 percent year-on-year in August of 2017, following a 1.4 percent rise in July while market expected a 1.6 percent gain. It was the highest inflation rate since January, as cost of non-food rose at a faster pace and cost of food fell much less than in a month earlier.

In the US, the most important events will be inflation rate, retail trade, industrial production and the preliminary reading of Michigan consumer sentiment. Elsewhere, the BoE will announce its interest rate decision; the UK will release inflation, unemployment and wage growth; the Eurozone industrial production; China industrial output, retail trade, fixed asset investment; and India inflation rate and industrial production.

Consumer prices in Tanzania increased 5 percent year-on-year in August of 2017, following a 5.3 percent rise in July. It is the lowest inflation rate so far this year amid a slowdown in food and commodities prices.

The unemployment rate in Canada fell to 6.2 percent in August of 2017 from 6.3 percent in July, beating market expectations of 6.3 percent. It reached a new low since October of 2008, the month prior to the 2008-2009 labour-market downturn. The economy added 22 thousand jobs, as more people were working in finance, insurance, real estate, rental and leasing as well as in transportation and warehousing.

German trade surplus increased slightly to EUR 19.5 billion in July 2017 from EUR 19.1 billion in the same month a year earlier, as exports rose by 8.0 percent year-on-year to EUR 103.7 billion while imports went up 9.4 percent to EUR 84.2 billion.

China's trade surplus fell to USD 41.99 billion in August of 2017 from USD 50.23 billion in the same month a year earlier and below market consensus of USD 48.60 billion. It was the smallest trade surplus since May, as exports rose less than imports.

The Japanese economy advanced 0.6 percent quarter-on-quarter in the June quarter of 2017, below preliminary estimates of a 1.0 percent expansion. Business spending grew much slower than expected and private consumption rose slightly less than anticipated.

Consumer prices in Mexico jumped 6.66 percent year-on-year in August of 2017, following a 6.44 percent rise in July and matching market expectations. The inflation rate accelerated for the fourteenth consecutive month to hit the highest level since May of 2001, led by higher prices of food, housing & utilities, energy and education. On a monthly basis, consumer prices rose 0.49 percent. The central bank expects inflation to stay above the 3-4 percent target in 2017 and to converge to 3 percent by the end of 2018.

The number of Americans filing for unemployment benefits increased by 62 thousand to 298 thousand in the week ended September 2nd, well above market expectations of 241 thousand. It is the highest value since the week ended April 18th 2015, due to the impact of Hurricane Harvey.

The ECB held its benchmark refinancing rate at 0 percent on September 7th, and confirmed the net asset purchases are intended to run at the current monthly pace of €60 billion until the end of December 2017, saying that a very substantial degree of monetary accommodation was still needed to support inflation. However, President Draghi said discussions on tapering QE will likely start this autumn, despite the euro being a source of uncertainty for inflation.

Irish consumer prices increased by 0.4 percent in the year to August 2017, recovering from a 0.2 percent fall in the previous month. It was the highest inflation rate since April, mainly boosted by rising prices of housing and utilities, restaurants and hotels, and transport.

The Greek seasonally adjusted unemployment rate dropped to 21.2 percent in June 2017 from a downwardly revised 21.5 percent in the previous month and compared with 23.5 percent in June 2016. It is the lowest jobless rate since December 2011, as the number of unemployed declined by 1.3 percent to 1.02 million from the previous month and employment rose by 0.4 percent to 3.78 million. Still, Greek unemployment rate remains more than double the Eurozone's average.

The Eurozone economy expanded 0.6 percent on quarter in the three months to June of 2017, in line with the second estimate and following a 0.5 percent advance in the previous period. Growth was mainly boosted by household consumption, fixed investment and exports. Among Eurozone's largest economies, GDP growth picked up in Spain; was unchanged in France and Italy; and slowed in Germany.

The central bank of Sweden held its benchmark interest rate at -0.5 percent on September 7th, 2017, as widely expected, saying monetary policy needs to remain expansionary for inflation to continue to be close to 2 per cent. The central bank added that it does not expect to raise the repo rate until the middle of 2018 and that purchases of government bonds will continue during the second half of 2017, as decided in April.

The Central Bank of Malaysia left its benchmark overnight policy rate unchanged at 3 percent on September 7th 2017, as widely expected, saying the stance of monetary policy remains accommodative. Policymakers also noted that growth in 2017 will be stronger than earlier estimated while inflation is projected to moderate on expectations of a smaller effect from global cost factors.

Australia's trade surplus unexpectedly narrowed 48 percent to AUD 0.46 billion in July of 2017 from an upwardly revised AUD 0.89 billion in June while market estimated AUD 0.88 billion. It was the smallest trade surplus in three months, as exports fell 2 percent from a month earlier to AUD 31.07 billion and imports declined by 1 percent to AUD 30.61 billion.

The Central Bank of Brazil unanimously cut its key Selic rate by 100 basis points to 8.25 percent on September 6th of 2017, as widely anticipated. It was the eighth straight rate decline, bringing borrowing costs to the lowest since 2013 amid slowing inflation and a sticky contraction. The decision was unanimous and no bias was adopted. It follows a 100 bps cut in the July 26th of 2017 meeting.

The Bank of Canada unexpectedly raised its benchmark overnight rate by 25 bps to 1 percent at its September 6th 2017 meeting, surprising markets who expected no changes. It is the second consecutive rise in borrowing cost as recent economic data have been stronger than expected, supporting the Bank’s view that growth in Canada is becoming more broadly-based and self-sustaining. The Bank Rate was also increased by 25 bps 1.25 percent and the deposit rate by 25 bps to 0.75 percent.

The ISM Non-Manufacturing PMI index for the United States went up to 55.3 in August of 2017 from 53.9 in July, compared to market expectations of 55.4. Improvements were seen in production, new orders and employment while inventories slowed and price pressures increased. The majority of services providers are optimistic about business conditions going forward.

Consumer prices in Brazil increased 2.46 percent year-on-year in August of 2017, slowing from a 2.71 percent rise in July and below market expectations of 2.6 percent. The inflation rate eased for the 12th consecutive month to a new low since February of 1999. It is also the lowest rate for an August month since at least 1980 as a record harvest dragged down food prices.

The trade deficit in the United States widened slightly to USD 43.7 billion in July of 2017, following a downwardly revised USD 43.5 billion gap in June. It compares with market expectations of a bigger USD 44.6 billion shortfall. Exports declined 0.3 percent and imports fell at a slower 0.2 percent. The trade gap with China reached an 11-month high and the one with the EU was the highest in 8 months.

The Australian economy expanded 0.8 percent in the June quarter of 2017, much stronger than a 0.3 percent growth in the first quarter and matching market consensus. The solid expansion was mainly supported by strength in domestic demand and net exports.

Consumer prices in Russia increased 3.3 percent year-on-year in August of 2017, below a 3.9 percent rise in July and lower than market expectations of 3.7 percent. It is the smallest inflation rate since at least 1991, mainly due to a slowdown in cost of food and transport. The inflation stayed below the central bank's 4 percent target for the second month.

Irish seasonally adjusted unemployment rate fell to 6.3 percent in August 2017, from 6.4 percent in July and below 7.9 percent in the same month of the previous year. It matched the June of 2017 figure which was the lowest since June of 2008. The number of unemployed fell by 1,700 to 139,100.

The South African economy advanced 1.1 percent year-on-year in the second quarter of 2017, above 1 percent in the previous period and beating market expectations of 0.4 percent. It is the strongest annual growth rate in two years.

The Nigerian economy advanced 0.55 percent year-on-year in the second quarter of 2017, after shrinking an upwardly revised 0.91 percent in the previous period. It is the first expansion in five quarters as the oil sector rebounded.

The South African economy expanded an annualized 2.5 percent on quarter in the three months to June of 2017, ending two quarters of contraction and beating market expectations of a 2.1 percent rise. It is the highest growth rate in a year with agriculture, forestry and fishing making the largest upward contribution, namely field crops and horticultural products.

Swiss consumer prices increased 0.5 percent year-on-year in August 2017, in line with market consensus and following a 0.3 percent rise in the previous month. It is the highest inflation rate since May, driven by higher prices of housing and utilities and transport.